Mike Wirth, Chevron Chairman and Chief Executive Officer (CEO), said Guyana is poised to play a major role in delivering energy to meet growing global demand and address energy poverty.
Wirth was at the time delivering remarks at the fifth edition of the Guyana Energy Conference and Supply Chain Expo, which opened on February 17 at the Marriott Hotel.
He said oil and gas remain critical, and Guyana can demonstrate how energy development supports national progress.
“This nation can be a shining light, demonstrating that abundant energy can serve as the foundation for energy security, a catalyst for greater economic opportunity, not for a few, but for all,” he said.
According to Wirth, for a country like Guyana, solving energy poverty is essential to turning rapid economic growth into real, broad-based development.
As a fast-growing oil producer, Guyana has a rare opportunity to use its energy revenues to modernize infrastructure, expand access, and reduce electricity prices.
“Abundant energy is fundamental to improving lives, raising living standards and fueling stronger, more resilient economies… Chevron is proud to now be part of that story,” he said
“The leadership of guidance has been clear about its expectations from the energy partners: reliable development, local participation, environmental protection, and investment in the country’s long-term growth,” Wirth added.
Guyana is actively transforming its energy landscape with a mix of infrastructure and renewable initiatives aimed at tackling energy poverty and supporting long-term development. Its Gas-to-Energy (GtE) project is central to the country’s efforts.
Chevron, through its acquisition of Hess Corporation, holds a 30% interest in Guyana’s Stabroek Block. ExxonMobil is the operator with 45% interest. CNOOC owns 25%.
ExxonMobil, along with Chevron and CNOOC, previously estimated that approximately 11 billion barrels of oil equivalent had been discovered in the Stabroek Block.
